Non-Redeemable and Redeemable GICs

• Minimum Investment:
  • $1,000¹
  • $5,000 (for terms between 30 – 364 days)
  • $100,000 (for less than 30 days)
• Terms:
  • 1 to 364 days
  • 1 - 5, 7 or 10 years
• Returns:
  • Guaranteed principal and interest rate²
• Interest Payment Options³:
  Terms less than one year are payable:
  • At maturity
  Terms greater than or equal to one year are payable:
  • Monthly¹
  • Semi-annually
  • Annually
  • At maturity (interest compounded annually)
• Access to Funds:
  • Non-redeemable GIC – No
  • Redeemable GIC – Yes, at a reduced rate
• CDIC Eligible: Yes

Security and Safety

Both the original investment and interest payments are guaranteed.

Flexibility

Choice of terms, interest payment options, and plan eligibility.